Next Auction date: 27th February 2020

   

A guide to buying property at auction

register

Step 1: Request catalogue

Register to receive the latest auctions catalogue and be amongst the first to see all future auction lots. The catalogue also contains all the information you need for auction day.

viewings

Step 2: Viewings

Block viewings are made available for our properties, so you simply need to turn up at the allotted time. Please don't be late as this will limit your viewing time!

legal pack

Step 3: Legal pack

Before bidding at the auction, we advise that you thoroughly satisfy yourself by reading the legal pack and consulting with a solicitor or licensed conveyancer.

Auction prep

Step 4: Pre-registration

Pre-registration is required ahead of the auction date in order to comply with Money Laundering Regulations 2017. Please fill in the registration form or email us for further information.

auction day

Step 5: Auction day

Our auctions start at 1.30pm at the Green Park Conference Centre, Reading RG2 6GP, free parking is available. Please arrive in good time to collect your bidding card and provide proof of your identity.

remote bidding

Step 6: Remote bidding

You can bid by telephone or proxy once we have received your 10% deposit, certified identification and a completed remote bidding form at least 24 hours before the date of the auction.

fall of gavel

Step 7: Fall of the gavel

If you are the highest bidder and the reserve price has been met at the fall of the gavel, contracts are exchanged. You will then sign a sale memorandum and pay the 10% non-refundable deposit and a buyers charge of £950 plus VAT. Payments can be made by debit card, personal cheque or bankers draft.

completion

Step 8: Completion

Completion normally takes place just 20 working days (4 weeks) after the auction as per the special conditions of sale, when the remaining balance of the purchase price is paid.

Buying a property at auction

  • Every year thousands of people buy property at auction in the UK. Whether you’re a home buyer, investor, or developer the auction buying process is very simple and provides you with:

    • Fairness: All interested parties & buyers have an equal opportunity to bid.

    • Security: The contracts are exchanged on the day of the auction so there is no opportunity for gazumping

    • Speed: You can exchange contracts on a property in days and weeks rather than months

Attend one of our property auctions

Directions

Our sale room is located at the Conference Centre, 100 Longwater Avenue, Green Park - just off junction 11 of the M4 at Reading.

The Conference Centre is set within attractive landscaped grounds arranged around a picturesque lake and there is free car parking on site. Within the building there is a restaurant serving drinks, snacks and hot meals.

100 Longwater Avenue,
Green Park,
Reading,
RG2 6GP

GET DIRECTIONS

Leaders now offers online auctions!

Buying at auction isn’t just for investors and cash buyers. Leaders’ online auction platform means that buyers have 28 – 56 days between exchange and completion, so there’s usually plenty of time to purchase your new property with residential auction finance.

Our online auctions offer buyers a swift purchase without the pressure and swift turnarounds associated with traditional room auctions. By combining the auction bidding process with the very best elements of a regular estate agent sale, online auction buyers can benefit from a secure and transparent sales process and are able to bid live from their computer or mobile device.

Select from the drop down to check properties available within the area:

Online Auctions

Meet your auction experts

Simon Clayton

Manager and Auctioneer

Simon has worked in the property industry for over 30 years and is a qualified member of the National Association of Valuers and Auctioneers.

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Gareth Bell

Auctioneer

Gareth has worked in the property industry for over 25 years. For over 15 years he has worked as an auctioneer overseeing residential and commercial disposals.

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Daniel Gale

Surveyor

Daniel has worked in the property industry since 2006. He has experience in residential and commercial property.

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How to sell your home at auction

How to sell your home at auction

Contrary to the belief that property auctions are only ideal for old or derelict properties, there are many reasons selling a property at auction could work for you. In particular, if you’re looking for a speedy sale and ...

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